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US layoff announcements top 1.1 million in 2025, the most since 2020 pandemic, Challenger says

Layoffs rose 54% from last year, driven by AI advances, corporate restructuring, tariffs and the Department of Government Efficiency cuts, totaling 1.17 million jobs lost through November.

  • Through November, Challenger, Gray & Christmas reported U.S. employers announced 1.17 million job cuts in 2025, the highest since 2020, up 54% from last year.
  • Challenger said the surge was driven by corporate restructuring, business or unit closings, and market or economic conditions, which caused 245,086 layoffs last month.
  • For November, Challenger said layoff plans totaled 71,321, down from October but up 24% year-over-year, with Verizon announcing more than 13,000 cuts and ADP reporting 32,000 private-sector losses.
  • Employers have scaled back hiring, with planned hires down about 35% to 497,151 and seasonal hiring also down 35% through November.
  • AI advances accounted for about 54,690 layoffs this year, and Challenger, Gray & Christmas flagged DOGE-related impacts and tariffs as additional drivers.
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Fox 6 nowFox 6 now
+9 Reposted by 9 other sources
Center

US layoffs soar past 1.1M in 2025, highest level since the pandemic

Layoffs announced by employers in November pushed the 2025 total to the highest level since the wave of pandemic-induced layoffs in 2020, new data shows.

·Milwaukee, United States
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The TennesseanThe Tennessean
+3 Reposted by 3 other sources
Center

US job cuts down 54% in November, but 'forever layoffs' worry workers

Layoffs in November were lower than in October, according to consulting firm Challenger, Gray & Christmas, but were higher than in November 2024.

·Nashville, United States
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CBS NewsCBS News
+2 Reposted by 2 other sources
Lean Left

Employers have cut 1.1 million jobs this year. Here's what's behind the wave of layoffs.

Job cuts so far this year are at their highest levels since 2020, new report says.

·United States
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UPI broke the news in Washington, United States on Thursday, December 4, 2025.
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